Joby Aviation (NYSE:JOBY) Shares Down 4.6% on Insider Selling

Joby Aviation, Inc. (NYSE:JOBY)’s stock price dropped 4.6% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $9.74 and last traded at $9.7640. Approximately 25,303,352 shares traded hands during trading, a decline of 12% from the average daily volume of 28,759,646 shares. The stock had previously closed at $10.23.

Specifically, CEO Joeben Bevirt sold 3,238 shares of Joby Aviation stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $10.25, for a total value of $33,189.50. Following the sale, the chief executive officer directly owned 249,048 shares of the company’s stock, valued at approximately $2,552,742. The trade was a 1.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JOBY shares. JPMorgan Chase & Co. dropped their price target on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. Oppenheimer set a $18.00 price objective on Joby Aviation in a research note on Thursday, February 26th. Needham & Company LLC lowered their target price on Joby Aviation to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, HC Wainwright restated a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a research report on Thursday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $13.81.

Key Joby Aviation News

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby began flight testing its first FAA‑conforming production aircraft as part of the Type Inspection Authorization (TIA) process, a key regulatory milestone that materially de‑risks the certification timeline and supports near‑term commercial launch plans. Read More.
• Positive Sentiment: Joby was named to federal eVTOL / Advanced Air Mobility pilot programs (eIPP / DOT initiatives), enabling early operations across multiple U.S. states — a potential catalyst for early revenue and government coordination. Read More.
• Positive Sentiment: Reports indicate Joby plans to launch U.S. air‑taxi operations in the coming months, supported by the first production model now flying — signalling a shift from development toward commercial execution. Read More.
• Positive Sentiment: Institutional interest: ARK Invest has added to its position in JOBY amid the FAA/DOT activity, indicating conviction from an active AAM‑focused investor. Read More.
• Neutral Sentiment: Analyst commentary frames Joby as having optionality across mobility and defense markets — long‑term upside if certification and scale are achieved, but dependent on execution. Read More.
• Negative Sentiment: Legal/regulatory risk rose after rival Archer filed/updated a countersuit alleging Joby concealed China ties and misclassified imports; such claims could complicate supply‑chain scrutiny and government contracting. This headline has increased uncertainty despite certification progress. Read More.
• Negative Sentiment: Clustered insider selling: multiple senior executives (including the CEO and other officers) reported sales over the past two days. While sizes are small relative to total holdings, the concentration of sales can prompt near‑term selling pressure and weigh on sentiment. Read More.

Joby Aviation Trading Down 4.6%

The firm has a market capitalization of $8.90 billion, a P/E ratio of -8.56 and a beta of 2.59. The firm has a 50 day moving average price of $11.88 and a 200-day moving average price of $13.97.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million for the quarter, compared to the consensus estimate of $16.88 million. During the same period in the prior year, the firm posted ($0.34) EPS. The business’s revenue for the quarter was up 5506.5% compared to the same quarter last year. Research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JOBY. Royal Bank of Canada lifted its holdings in shares of Joby Aviation by 110.5% in the 1st quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock worth $512,000 after acquiring an additional 44,659 shares during the last quarter. AQR Capital Management LLC bought a new position in Joby Aviation during the 1st quarter valued at about $273,000. Strs Ohio purchased a new stake in Joby Aviation in the 1st quarter worth about $37,000. Envestnet Asset Management Inc. raised its position in Joby Aviation by 26.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,169 shares of the company’s stock worth $445,000 after purchasing an additional 8,741 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Joby Aviation by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 1,431,592 shares of the company’s stock worth $15,103,000 after purchasing an additional 83,101 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.